New York City commercial-property sales to rise in ’12, Massey Knakal says

Sales of commercial properties in New York City are likely to be “way up” this year from 2011’s $25.6 billion, as the market rebounds from the financial crisis, executives from Massey Knakal Realty Services said.
The brokerage, which specializes in New York-area investment transactions, projected a 60 percent to 75 percent increase in sales volume to $41 billion to $45 billion. The seven-year average is $30 billion, the Manhattan-based firm said………………………………………..Full Article: Source